WO2012054868A3 - Software and methods for risk and fraud mitigation - Google Patents
Software and methods for risk and fraud mitigation Download PDFInfo
- Publication number
- WO2012054868A3 WO2012054868A3 PCT/US2011/057344 US2011057344W WO2012054868A3 WO 2012054868 A3 WO2012054868 A3 WO 2012054868A3 US 2011057344 W US2011057344 W US 2011057344W WO 2012054868 A3 WO2012054868 A3 WO 2012054868A3
- Authority
- WO
- WIPO (PCT)
- Prior art keywords
- fraud
- transactions
- risk
- methods
- rules
- Prior art date
Links
- 230000000116 mitigating effect Effects 0.000 title abstract 2
Classifications
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/02—Banking, e.g. interest calculation or account maintenance
Abstract
Systems and methods for risk and fraud mitigation are presented. According to one or more aspects of the disclosure, a plurality of transactions may be processed without applying one or more active fraud rules. A hit rate for at least one fraud rule of the one or more active fraud rules then may be determined. Thereafter, a positive hit rate for the at least one fraud rule may be determined based on fraud event data corresponding to the plurality of transactions. In some arrangements, each transaction of the plurality of transactions may be randomly selected, from a larger plurality of received transactions, for inclusion in the plurality of transactions to be processed without application of the one or more active fraud rules. Additionally or alternatively, in certain arrangements, one or more fraud rules may be activated or deactivated based on their corresponding hit rates and positive hit rates.
Applications Claiming Priority (2)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| US45545610P | 2010-10-21 | 2010-10-21 | |
| US61/455,456 | 2010-10-21 |
Publications (2)
| Publication Number | Publication Date |
|---|---|
| WO2012054868A2 WO2012054868A2 (en) | 2012-04-26 |
| WO2012054868A3 true WO2012054868A3 (en) | 2012-07-19 |
Family
ID=45973786
Family Applications (1)
| Application Number | Title | Priority Date | Filing Date |
|---|---|---|---|
| PCT/US2011/057344 WO2012054868A2 (en) | 2010-10-21 | 2011-10-21 | Software and methods for risk and fraud mitigation |
Country Status (2)
| Country | Link |
|---|---|
| US (1) | US8666861B2 (en) |
| WO (1) | WO2012054868A2 (en) |
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- 2011-10-21 US US13/278,494 patent/US8666861B2/en active Active
- 2011-10-21 WO PCT/US2011/057344 patent/WO2012054868A2/en active Application Filing
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Also Published As
| Publication number | Publication date |
|---|---|
| WO2012054868A2 (en) | 2012-04-26 |
| US8666861B2 (en) | 2014-03-04 |
| US20120101930A1 (en) | 2012-04-26 |
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